Dennis Freedman
Melbourne, Victoria, Australia
10K followers
500+ connections
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About
Energy industry executive. Board member.
Discusses energy markets, electricity…
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Collgar Renewables is unlocking new value for Rest members and continues to show the power of long-term active ownership. ⚡ Collgar Renewables, which is wholly owned by Rest, has this year announced 2 agreements for the Collgar Wind Farm in Western Australia. These include a long-term Power Purchase Agreement with Newmont Corporation to provide 100% of the farm’s electricity and green credits to the Boddington mine as well as finalising a financing package. Simon Esposito, Rest’s Head of Private Markets and Deputy CIO, says: “Collgar has been a consistently strong contributor to our portfolio, generating real value and enhancing our members’ financial interests.” Rest has overseen and supported the asset’s growth and transformation from a wind farm project into a renewables company. “These agreements allow our members to continue to enjoy the financial benefits of WA’s largest wind farm by capacity, as well as its contribution to the decarbonisation of the Australian economy.” says Simon. Rest’s active ownership across assets like Collgar helps us support more sustainable outcomes as we continue to focus on growing our 2 million+ members super savings - many of whom will retire into a post-2050 world. 🔗 Read more👉 https://lnkd.in/g_Az_ZXb #Superannuation #ImpactInvestment #ActiveOwnership #RenewableEnergy
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